Europe Pallet Wrapping Machine Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 116.42 Billion |
| Market Size (2029) | USD 140.83 Billion |
| CAGR (2024 - 2029) | 3.19 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Pallet Wrapping Machine Market Analysis
The Europe Pallet Wrapping Machine Market size is estimated at USD 116.42 billion in 2024, and is expected to reach USD 140.83 billion by 2029, growing at a CAGR of 3.19% during the forecast period (2024-2029).
- The pallet is one of the primary elements of the logistics sector. It is a carrier unit that acknowledges the mechanized transportation, circulation, and distribution of goods. It is also a storage appliance that can be used effectively in loading and unloading, handling, warehouse storage, transportation, and distribution.
- Moreover, the value of pallets is also reflected in the benefit of inventory management. In the warehouse management of modern production firms, the unitized packaging, storage, loading and unloading, transportation, and distribution of plastic pallets have been recognized. The value of pallets has rapidly extended from the logistics industry to various production and processing enterprises, and pallets are expected to occupy an essential position in the market during the forecast period.
- Furthermore, sales in pallet pooling are expected to increase development due to rising demand for lowering logistic costs, eliminating the need for managing pallet distribution and reducing the complexity of pallet purchase, management, and retrieval. Also, technological advancements create growth prospects for the pallet pooling market players. Various pallet pooling companies are focusing on introducing pallets covered in radio frequency identification (RFID) tags. The pallet pooling market is poised to benefit from automation and demand from various end-use sectors.
- Single-use plastic wrap is commonly used to secure pallet loads, which is not environmentally friendly. In addition, the cost-effectiveness of this approach may seem appealing initially, but expenses can accumulate rapidly in warehouses with high volumes.
- Furthermore, poorly or excessively wrapping a pallet can cause damage to both the product and packaging, which can affect the load's structural integrity. In the worst-case scenario, this can result in significant financial losses due to wasted shipments and damaged products. As consumers increasingly prioritize sustainability, supply chain managers are actively seeking reusable and environmentally-conscious alternative packaging options to plastic wrap and pallet wrapping machine technology.
Europe Pallet Wrapping Machine Market Trends
Food and Beverage to Witness Significant Growth
- Food and beverage products often require protection from spoilage, contamination, and damage during transportation and storage. Pallet wrapping machines ensure that products are securely wrapped, preventing exposure to external elements such as moisture, dust, and pests.
- The food and beverages industry is one of the largest manufacturing sectors in the European economy, alongside the automotive, machinery, and equipment industries. According to Statistisches Bundesamt, private household consumer spending on food in Germany increased from 2019 to 2023. In 2023, based on figures, private households spent roughly 203.3 billion euros (USD 222.35) on food, up from around 189.4 billion euros in 2022 (USD 207.24).
- In the food and beverages industry, pallet wrapping is one of the most practical ways to transport large amounts of goods owing to ease of mobility.
- New Innovations in pallet wrapping are offering high efficiency and cost reduction to Europe's food and beverage manufacturers. Many food and beverage manufacturers are inclined toward using automated pallet wrapping solutions to improve the containment of their products.
United Kingdom to Register Significant Growth
- The United Kingdom is poised to experience steady growth in the demand for pallet wrapping machines, propelled by a surge in industrial activities and the widespread adoption of automation within logistics and warehousing sectors. This growth trajectory is further fueled by the imperative for efficient and economical packaging solutions, as well as an increasing recognition of the role of pallet wrapping machines in mitigating product damage during transit and enhancing overall supply chain efficiency.
- Moreover, the flourishing e-commerce landscape and the burgeoning online retail sector drive heightened demand for pallet wrapping machines as businesses seek to streamline packaging operations for the seamless shipment of goods to consumers. For Instance, a DHL Group survey in the United Kingdom shows that 31 % of consumers use the subscription e-commerce model. Online product subscriptions exist for a large variety of products, from clothing and shaving products to food and beauty products.
- Automation plays an important part in enhancing the pallet wrapping market. Wrapping machines that are a part of the production machines as a whole or the systems that can be installed alongside existing machinery are more in demand.
- For example, Xorella, a steam setting and conditioning equipment specialist for yarns and fabrics, will enhance its operations by integrating an additional pallet wrapping machine into its system. This new machine will feature a turntable, weighing station, label printer, safety fence, and security system, forming a comprehensive and efficient pallet wrapping system.
Europe Pallet Wrapping Machine Industry Overview
The European pallet wrapping machine market is fragmented and characterized by intense competition among both domestic and international players. Key players such as Robopac (Aetna Group SPA), Signode Industrial Group LLC (Crown Holdings Inc.), Tosa Group, Italidibipack SPA, Officina Meccanica Sestese SPA (OMS Group) are continuously innovating to improve machine efficiency, reliability, and cost-effectiveness. Market consolidation through mergers and acquisitions is common as companies strive to expand their market share. Additionally, there's a trend toward offering integrated packaging solutions, including pallet wrapping machines, intensifying competition further.
- In December 2023, paper bag manufacturer Sentrex adopted Mondi's Advantage StretchWrap paper wrapping solution for its pallets to simplify logistics, optimize efficiency in the wrapping process, and phase out unnecessary plastics. Advantage Stretchwrap is a fully recyclable kraft paper made from responsibly sourced materials. Mondi developed it to stretch and resist punctures, making it ideal for replacing the plastic stretch film that has traditionally been used for pallet wrapping and transportation.
- In October 2023, Atlanta, UK, a specialist in packaging technology and machinery, introduced the Nova compact ring pallet wrapper, the newest innovative product from the Atlanta group of companies. The Nova stands out for its compact design, which allows it to seamlessly fit into the spaces previously occupied by older wrapping machines. This eliminates any logistical issues that businesses may encounter when changing their setup.
Europe Pallet Wrapping Machine Market Leaders
Robopac (Aetna Group SPA)
Signode Industrial Group LLC (Crown Holdings Inc.)
Tosa Group
Officina Meccanica Sestese SPA (OMS Group)
Italidibipack SPA
*Disclaimer: Major Players sorted in no particular order
Europe Pallet Wrapping Machine Market News
- February 2024 - Berry Global, a leading company in creating and producing sustainable packaging solutions, unveiled its “Circular Innovation and Training Center” in Tulsa, Oklahoma. This new facility, spanning 12,000 square feet, aims to expedite the development of groundbreaking products through advanced materials science and engineering. Additionally, it serves as a collaborative space for training and nurtures cutting-edge projects focused on stretch film that contribute to preserving the environment.
- October 2023 - Carlton Packaging unveiled a revolutionary pallet wrapping system known as WrapX, which aimed to enhance its usage of safety, convenience, and intelligence. This innovative system incorporates carbon fiber technology to offer unprecedented strength and durability. Moreover, its adjustable locking tension mechanism ensures a secure and tightly wrapped film with minimal exertion. Notably, WrapX enables faster load securing than conventional methods. Its dispenser boasts an ergonomic design and user-friendly features, empowering operators to wrap pallets swiftly and efficiently.
Europe Pallet Wrapping Machine Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Ecosystem Analysis
4.4 Industry Standards & Regulations
4.5 Recent New Product Development & Innovations
4.6 Import-Export Analysis
4.7 Insights On Packaging Machinery Industry Landscape
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Transportation and Logistics Industry and Need for Protective Packaging
5.1.2 Increasing Demand for Pallets as Tertiary Packaging
5.2 Market Challenges
5.2.1 Presence of Alternative Packaging Technologies
6. MARKET SEGMENTATION
6.1 By Machine Type
6.1.1 Automatic
6.1.2 semi-automatic
6.1.3 Manual
6.2 By Technology
6.2.1 Ring
6.2.2 Arm
6.2.3 Turntable
6.2.4 Other Technologies
6.3 By End-user Industries
6.3.1 Food and Beverages
6.3.2 Pharmaceutical
6.3.3 Consumer Products
6.3.4 Automotive
6.3.5 Paper
6.3.6 Textile
6.3.7 Construction
6.3.8 Others End-user Industries
6.4 By Country
6.4.1 France
6.4.2 Germany
6.4.3 Italy
6.4.4 United Kingdom
6.4.5 Benelux
6.4.5.1 Belgium
6.4.5.2 Luxembourg
6.4.5.3 Netherlands
6.4.6 Eastern Europe
6.4.7 Rest of Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Robopac (Aetna Group SPA)
7.1.2 Signode Industrial Group LLC (crown Holdings Inc.)
7.1.3 TOSA Group
7.1.4 Officina Meccanica Sestese S.p.A. (OMS Group)
7.1.5 Italdibipack S.p.A.
7.1.6 Atlanta Stretch SpA
7.1.7 Siat S.p.A.
7.1.8 Strema Maschinenbau GmbH
7.1.9 SYMACH BV (Barry-Wehmiller Group, Inc.)
7.1.10 Matco International Holding BV
7.1.11 Cyklop UK Limited
7.1.12 C&C Group SRL
7.1.13 Movitec Wrapping Systems SLU
- *List Not Exhaustive
7.2 Company Ranking Analysis
8. FUTURE OUTLOOK OF THE MARKET
Europe Pallet Wrapping Machine Industry Segmentation
Pallet wrapping machines are primarily utilized to wrap stretch film around a fully loaded pallet. This is done to support the stored or transported products, safeguarding them from any spillage, tipping, or damage.
Europe pallet wrapping machine market is segmented by machine type (automatic, semi-automatic, manual), technology (ring, arm, turntable), end-user industry (food and beverage, pharmaceutical, consumer products, automotive, paper, textile, construction, chemical), other end-user industries, geography ( France, Germany, Italy, United Kingdom, Benelux (Belgium, Luxembourg, Netherlands), Eastern Europe, Rest of Europe)). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Machine Type | |
| Automatic | |
| semi-automatic | |
| Manual |
| By Technology | |
| Ring | |
| Arm | |
| Turntable | |
| Other Technologies |
| By End-user Industries | |
| Food and Beverages | |
| Pharmaceutical | |
| Consumer Products | |
| Automotive | |
| Paper | |
| Textile | |
| Construction | |
| Others End-user Industries |
| By Country | |||||
| France | |||||
| Germany | |||||
| Italy | |||||
| United Kingdom | |||||
| |||||
| Eastern Europe | |||||
| Rest of Europe |
Europe Pallet Wrapping Machine Market Research FAQs
How big is the Europe Pallet Wrapping Machine Market?
The Europe Pallet Wrapping Machine Market size is expected to reach USD 116.42 billion in 2024 and grow at a CAGR of 3.19% to reach USD 140.83 billion by 2029.
What is the current Europe Pallet Wrapping Machine Market size?
In 2024, the Europe Pallet Wrapping Machine Market size is expected to reach USD 116.42 billion.
Who are the key players in Europe Pallet Wrapping Machine Market?
Robopac (Aetna Group SPA), Signode Industrial Group LLC (Crown Holdings Inc.), Tosa Group, Officina Meccanica Sestese SPA (OMS Group) and Italidibipack SPA are the major companies operating in the Europe Pallet Wrapping Machine Market.
What years does this Europe Pallet Wrapping Machine Market cover, and what was the market size in 2023?
In 2023, the Europe Pallet Wrapping Machine Market size was estimated at USD 112.71 billion. The report covers the Europe Pallet Wrapping Machine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Pallet Wrapping Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Pallet Wrapping Machine Industry Report
Statistics for the 2024 Europe Pallet Wrapping Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Pallet Wrapping Machine analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
